A lot of people do not like partnership business because they suspect that their partners can cheat them. However, partnerships are really good for both small and large businesses. If you run a sole proprietorship, it is very likely that you will lack investment and also expertise. Therefore, chances are there that you will have to collaborate with another individual or business for growth. Well, partnerships can sometimes get a bad reputation because of cheating partners, however, with partnership business models, you also share your losses.
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